Aspen Investment Management Inc Sells 6,774 Shares of Williams Companies Inc (WMB)

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Aspen Investment Management Inc lowered its stake in shares of Williams Companies Inc (NYSE:WMB) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,304 shares of the pipeline company’s stock after selling 6,774 shares during the quarter. Aspen Investment Management Inc’s holdings in Williams Companies were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of WMB. Robeco Institutional Asset Management B.V. raised its stake in Williams Companies by 37.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,035 shares of the pipeline company’s stock valued at $980,000 after buying an additional 9,800 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Williams Companies by 109.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 44,255 shares of the pipeline company’s stock valued at $1,203,000 after buying an additional 23,121 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Williams Companies by 22.4% in the third quarter. Commonwealth Equity Services LLC now owns 126,849 shares of the pipeline company’s stock valued at $3,449,000 after buying an additional 23,214 shares during the last quarter. SG Americas Securities LLC raised its stake in Williams Companies by 1,141.8% in the third quarter. SG Americas Securities LLC now owns 113,150 shares of the pipeline company’s stock valued at $3,077,000 after buying an additional 104,038 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Williams Companies by 36.7% in the third quarter. Prudential Financial Inc. now owns 1,341,456 shares of the pipeline company’s stock valued at $36,475,000 after buying an additional 360,164 shares during the last quarter. 88.53% of the stock is currently owned by institutional investors.

Shares of NYSE:WMB opened at $28.93 on Friday. Williams Companies Inc has a 52-week low of $20.36 and a 52-week high of $32.22. The stock has a market capitalization of $34.33 billion, a PE ratio of 36.62, a PEG ratio of 4.47 and a beta of 1.72. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.81 and a quick ratio of 0.74.

Williams Companies (NYSE:WMB) last announced its quarterly earnings data on Wednesday, February 13th. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). Williams Companies had a positive return on equity of 4.83% and a negative net margin of 1.78%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts predict that Williams Companies Inc will post 0.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, March 8th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.25%. This is a boost from Williams Companies’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, March 7th. Williams Companies’s dividend payout ratio (DPR) is presently 192.41%.

A number of equities research analysts have commented on WMB shares. Zacks Investment Research upgraded Williams Companies from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Saturday, January 19th. Bank of America set a $30.00 price target on Williams Companies and gave the company a “buy” rating in a research note on Thursday, February 14th. Mizuho started coverage on Williams Companies in a research note on Wednesday, November 28th. They issued a “buy” rating and a $32.00 price target for the company. Barclays upgraded Williams Companies from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Wednesday, January 16th. Finally, Evercore ISI began coverage on Williams Companies in a research note on Tuesday, February 5th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $32.07.

In other news, Director Kathleen B. Cooper sold 9,615 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $27.39, for a total value of $263,354.85. Following the completion of the transaction, the director now directly owns 32,272 shares in the company, valued at $883,930.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Walter J. Bennett sold 14,859 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $27.13, for a total value of $403,124.67. Following the completion of the transaction, the insider now owns 116,881 shares of the company’s stock, valued at $3,170,981.53. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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Williams Companies Company Profile

The Williams Companies, Inc operates as an energy infrastructure company primarily in the United States. The company's Northeast G&P segment engages in the natural gas gathering, compression, and processing business, as well as natural gas liquids (NGL) fractionation business in the Marcellus and Utica Shale regions in Pennsylvania, West Virginia, New York, and Ohio.

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Institutional Ownership by Quarter for Williams Companies (NYSE:WMB)

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